Archive for November, 2010

A stampede that occurred during a festival in Cambodia‘s capital city of Phnom Penh has killed 339 people, officials said Monday.

Another 329 people were injured in the crush, said Philip Bader, a news editor with the Phnom Penh Post, citing information given by Prime Minister Hun Sen in a televised address.

Visalsok Nou, a Cambodian Embassy official in Washington, said more than 4 million people were attending the Water Festival when the stampede occurred.

But other reports put the number at 2 million., said Steve Finch, a journalist with the Phnom Penh Post.


Read Full Post »

PHNOM PENH, Nov. 15 (Xinhua) — Vietnamese Prime Minister Nguyen Tan Dung arrived in Cambodia Monday morning to pay one-day official visit at the invitation of his Cambodian counterpart Prime Minister Hun Sen.

Nguyen Tan Dung was welcomed at the Phnom Penh International Airport by Cambodia’s Tourism Minister Thong Khon and other government officials.

During his visit, Nguyen Tan Dung will be received in a Royal Audience by King Norodom Sihamoni, according to the press release of Ministry of Foreign Affairs and International Cooperation.

Besides, Nguyen Tan Dung will pay courtesy calls on Senate President Chea Sim, National Assembly President Heng Samrin and will also hold an official talks with Prime Minister Hun Sen.


Read Full Post »

MALAYAN Banking Bhd (Maybank) (1155) has so far opened nine branches in Cambodia to reach out to the customers there and tap the growing economic opportunities from improving external demand and easing credit conditions.

“Cambodia is expected to grow over 4 per cent this year and we see good prospects for the country, which continues to attract strong foreign investment.

“Given the overall positive outlook of the country, we will also see loan growth in our Cambodian operations,” Maybank global wholesale banking head Abdul Farid Alias said in a statement.

With the latest branch unveiled in Sihanoukville yesterday, Abdul Farid said Maybank now has nine branches. The bank plans to open two more by the end of next year.

Source: according btimes.com.my

Read Full Post »

CAMBODIA, PHNOM PENH, Nov 10, 2010-Small and Medium enterprise and Microfinance Institutions with support from IFC, a branch of world bank on Wednesday in Phnom Penh gathered to seek ways to develop small and medium enterprises (SMEs) through providing the credits from banks, Micro financial institutions (MFIs)to expand their productivity to contribute economic growth of the country.

speaking at the national forum of between MFIs and SMEs at Koh Pich conference hall in Phnom Penh, H.E. Ouk Maly, deputy governor of the national bank f Cambodia said: “The national bank of Cambodia has been working very actively to ensure stability and well being of financial systems to support and promote national economic activities,”


Read Full Post »

Cambodia will host a series of summit meetings next week for regional leaders, according to a statement released Monday by Ministry of Foreign Affairs and International Cooperation.

The statement said Cambodia will host the 6th Cambodia-LaosVietnam (CLV) Summit, the 5th Cambodia-Laos, Myanmar-Vietnam ( CLMV) Summit and the 4th Ayeyawady-Chao Praya-Mekong Economic Cooperation Strategy (ACMECS) Summit on November 16-17, 2010 in Phnom Penh.

Read Full Post »

National emblem of the People's Republic of China

People's Republic of China

China and Cambodia on Thursday inked 6.4-billion-U.S. dollars deals ranging from infrastructure construction to energy exploration.

A total of 16 deals were signed after the hour-long talks between top Chinese legislator Wu Bangguo and Cambodian Prime Minister Hun Sen late Thursday afternoon.

The package of deals covered such key areas of bilateral cooperation as infrastructure construction, water resources development, telecommunication technology and energy exploration among others.

In earlier talks, Wu, chairman of the Standing Committee of the National People’s Congress (NPC), the country’s top legislature, reviewed the smooth growth of China-Cambodia ties since the two countries forged diplomatic ties in 1958.

“Particularly in recent years, bilateral relations have developed rapidly,” Wu said, highlighting strong trust, sincere cooperation and mutual support.


Read Full Post »

Nov. 1 (Bloomberg) — Secretary of State Hillary Clinton urged Cambodians to pursue a variety of partnerships throughout the Asia-Pacific region and not become over-reliant on China.

“You don’t want to get too dependent on any one country,” Clinton said in response to a question about China’s influence during a meeting in Phnom Penh today with Cambodian youth. “You want to look for partnerships that cut across regional geographic lines.”

Clinton’s Cambodia visit is part of the Obama administration’s drive in Asia to affirm U.S. leadership and provide a counterpoint to China’s rising clout. Both China and the U.S. are working to extend their influence in Cambodia, said Ernest Bower, director of the Southeast Asia program at the Center for Strategic and International Studies, a policy group in Washington.


Read Full Post »